Profitable EA Life Changer EA Full Version

[cchong]

Dear all,
Just one additional comment from me (if you don't mind) with regards to the STOPLOSS value of this EA. The default value is set at 400 pips. Having said that however, just to let you all know that I did encounter two times in the past whereby the stoploss did hit 400 pips and the EA closed trades which ended up with a huge loss.

As the result, I have decided to follow another trader's strategy which was to set the STOPLOSS to be "0" instead of "400" so that the EA won't close trades even when it hit 400 pips in drawdown. The good thing is, the EA will continue to work until it managed to recover losses and eventually closed trades with a profit when the market trend finally reversed its direction (to be honest it did happen successfuly in one of my past tests). Yet, the bad thing is, if your account balance, leverage and/or margin is insuffient of holding up all your trades, then you could possibly end up blowing up your account. Therefore, please make sure you do have a large leverage (e.g. 1:1000 if possible for your better safety) and a sufficient account balance (a minimum of $1000 or more with 0.01 lot size used for your trading) in order to keep you survive especially whenever the market suddenly move strongly against you that could cause a huge drawdown with your account.

Having said all that, I think there is no such thing as a perfect EA or setting. At the end of the day I believe everyone would still need to decide on what strategy and what settings work best for yourself in terms of risks, safety and expectation of profit.

Wishing everyone the very best in your EA tests.

Regards,
chong.

 

[alarmalar]

Thanks as much as I can, I try it, because I've always seen a version that only has 2 parameters. Is this all visible?

 

[cchong]

Good day

If you go back a few pages, you will see I did an in-depth explanation on my findings on this particular EA.

here is the link https://www.forexforum.co/threads/life-changer-ea-full-version.2226/post-172094

I have made few changes to these settings. See screen shot.

I have added in NZDJY, NZDUSD, AUDJPY, AUDUSD. So far, no issues. I have also lowered my lot to 0.15. More than enough for my account size.

View attachment 23299

Many thanks to NexusFx for the kind updates on testing this EA. I have followed your settings by adding in NZDJY, NZDUSD, AUDJPY and lowered the TP from 30 to 26. Hope that they'll work out well in the long term.
For your info, there are also some other settings that I am now currently trying just to see if I could manage to increase the profits but at the same time try to keep the risks at a reasonably acceptible level for myself. Would be glad to share more info with you and everyone if I do find out that it does seemed to work well after several months later. As for now, I would rather keep things to myself as I would only share it if they are proven to be working well and helpful for others. In the mean time, I do believe that many of us here who have chosen to use this EA are also trying and exploring on different strategies hoping that some or one of them would work well for ourselves in the long term. Well, let's just see how it goes then. Till then, do keep up the good work NexusFx and everyone. Take good care and God bless all of you.

 

[NexusFX]

Many thanks to NexusFx for the kind updates on testing this EA. I have followed your settings by adding in NZDJY, NZDUSD, AUDJPY and lowered the TP from 30 to 26. Hope that they'll work out well in the long term.
For your info, there are also some other settings that I am now currently trying just to see if I could manage to increase the profits but at the same time try to keep the risks at a reasonably acceptible level for myself. Would be glad to share more info with you and everyone if I do find out that it does seemed to work well after several months later. As for now, I would rather keep things to myself as I would only share it if they are proven to be working well and helpful for others. In the mean time, I do believe that many of us here who have chosen to use this EA are also trying and exploring on different strategies hoping that some or one of them would work well for ourselves in the long term. Well, let's just see how it goes then. Till then, do keep up the good work NexusFx and everyone. Take good care and God bless all of you.

Good Day

Thanks for the kind words. Yes, now it's all down to long term returns. I have noticed that with AUDJPY and NZDJPY it tends to stay up to 6hrs in drawdown. Then the trade eventually TPs. I added GBPAUD, GBPCHF, GBPNZD. With GBPAUD it went into heavy drawdown. I eventually closed the trade in a lost. I have removed those pairs again. Plus, its most likely the difficult month to let an EA trade because December market usually ranges a lot. So, I have since lowered my lot size. I don't want to be stuck in trades because of volume. Monday GBPJPY went int another same drawdown that GBPAUD was in the previous week. Which was very odd to me.

In a very trending market GBPJPY and GBPUSD is still the most profitable pairs to use on this EA. If you want to trade more pairs, it's safe to lower the lot down a lot. if you look at the performance regardless of the account size 1% profit per day is very decent. November was a good month using the EA. So, I am looking forward to new year hopefully markets can normalize a bit.

Good luck everyone and one thing do not get greedy. If you stick to safe parameters, you will see good returns. I switch my EA on from 5am in the morning until around 6PM the night. This allows the EA to cover London session, US session. I still manage the news events around those times.

Take Care,

 

[cchong]

Good Day

Thanks for the kind words. Yes, now it's all down to long term returns. I have noticed that with AUDJPY and NZDJPY it tends to stay up to 6hrs in drawdown. Then the trade eventually TPs. I added GBPAUD, GBPCHF, GBPNZD. With GBPAUD it went into heavy drawdown. I eventually closed the trade in a lost. I have removed those pairs again. Plus, its most likely the difficult month to let an EA trade because December market usually ranges a lot. So, I have since lowered my lot size. I don't want to be stuck in trades because of volume. Monday GBPJPY went int another same drawdown that GBPAUD was in the previous week. Which was very odd to me.

In a very trending market GBPJPY and GBPUSD is still the most profitable pairs to use on this EA. If you want to trade more pairs, it's safe to lower the lot down a lot. if you look at the performance regardless of the account size 1% profit per day is very decent. November was a good month using the EA. So, I am looking forward to new year hopefully markets can normalize a bit.

Good luck everyone and one thing do not get greedy. If you stick to safe parameters, you will see good returns. I switch my EA on from 5am in the morning until around 6PM the night. This allows the EA to cover London session, US session. I still manage the news events around those times.

Take Care,

Good day NexusFX. Thanks very much for your kind sharing of your thoughts, insights and precious experiences of testing this EA.

For me, I think it would be really nice if this EA could have a built-in news filter. Too bad it doesn't and it's kinda challenging for many traders (me too) that just don't know how and what to monitor for the highly impact news. Furthermore, according to my understanding, an EA is supposed to help traders get their "hands-off" and by making decisions for them and to trade on their behalf. If traders still need to monitor the market news from time to time and to manually turn off/on the EA, then I think such EA in my opinion could only be considered as so called a "hybrid" or "semi-automatic" EA. As for now, I just choose to let this EA run 24/7 without doing anything else and see how the result goes. Having said that, I do understand that things could possibly get risky whenever high or major impact news hit every now and then. Well...let's see how it goes then. If this EA could not survive through major news events, then I guess I would probably starting looking out for some other EA that have a news filter built in for better safety. Anyway, that's just my own personal choice and preference. Frankly speaking I do not suggest anyone to follow my choice as everyone would have very different preferences of their own. I think one would need to learn to understand what kind of risks we could possibly face when dealing with any EA and using any EA settings of our preferences. I believe no EA or EA strategy is perfect and we all have to be responsible for the decisions we made in terms of trading as well as in life.

Well, do keep up the good work NexusFX and let's all see what happen next. May God continue to bless you and everyone. Cheers

 

[tblim]

Hi!,

Life Changer EA Full Version - Is there an updated version? Tq!

 

[Letsgetit]

Thanks @NexusFX and @cchong. You both have really helped me understand how this EA works. Truly blessed and thankful

 

[tuantuanlq]

Thanks @NexusFX and @cchong, thanks so much.

 

[NexusFX]

Good day NexusFX. Thanks very much for your kind sharing of your thoughts, insights and precious experiences of testing this EA.

For me, I think it would be really nice if this EA could have a built-in news filter. Too bad it doesn't and it's kinda challenging for many traders (me too) that just don't know how and what to monitor for the highly impact news. Furthermore, according to my understanding, an EA is supposed to help traders get their "hands-off" and by making decisions for them and to trade on their behalf. If traders still need to monitor the market news from time to time and to manually turn off/on the EA, then I think such EA in my opinion could only be considered as so called a "hybrid" or "semi-automatic" EA. As for now, I just choose to let this EA run 24/7 without doing anything else and see how the result goes. Having said that, I do understand that things could possibly get risky whenever high or major impact news hit every now and then. Well...let's see how it goes then. If this EA could not survive through major news events, then I guess I would probably starting looking out for some other EA that have a news filter built in for better safety. Anyway, that's just my own personal choice and preference. Frankly speaking I do not suggest anyone to follow my choice as everyone would have very different preferences of their own. I think one would need to learn to understand what kind of risks we could possibly face when dealing with any EA and using any EA settings of our preferences. I believe no EA or EA strategy is perfect and we all have to be responsible for the decisions we made in terms of trading as well as in life.

Well, do keep up the good work NexusFX and let's all see what happen next. May God continue to bless you and everyone. Cheers

Good day @cchong

You are correct what is the point of having an EA when you still have to monitor it. At this point in time, I do not let mine run 24/7. I am happy with the profits I make letting it run from 5am until 6pm. I am yet to find an alternative EA that works better in terms of managing risk and news. There are a lot of EA's out there. I have started playing around with the source code but keep getting errors. So still trying to figure that out.

Let's keep working at it.

Take Care

 

[coolm]

Good day @cchong

You are correct what is the point of having an EA when you still have to monitor it. At this point in time, I do not let mine run 24/7. I am happy with the profits I make letting it run from 5am until 6pm. I am yet to find an alternative EA that works better in terms of managing risk and news. There are a lot of EA's out there. I have started playing around with the source code but keep getting errors. So still trying to figure that out.

Let's keep working at it.

Take Care

Hi, @NexusFX / @cchong,

Thank you very much for your sharing and advice. If we know the source code/ technical indicators/ investment strategies behind of this EA operation, it will be good for us. Please kindly share something about this EA if you know about it.

Cheers

 

[tuantuanlq]

Good day @cchong

You are correct what is the point of having an EA when you still have to monitor it. At this point in time, I do not let mine run 24/7. I am happy with the profits I make letting it run from 5am until 6pm. I am yet to find an alternative EA that works better in terms of managing risk and news. There are a lot of EA's out there. I have started playing around with the source code but keep getting errors. So still trying to figure that out.

Let's keep working at it.

Take Care

Can you tell me what time of day you usually run this EA (in GMT)? The hour of the day when the EA works best.
Thank you very much.

 

[cchong]

Good day @cchong

You are correct what is the point of having an EA when you still have to monitor it. At this point in time, I do not let mine run 24/7. I am happy with the profits I make letting it run from 5am until 6pm. I am yet to find an alternative EA that works better in terms of managing risk and news. There are a lot of EA's out there. I have started playing around with the source code but keep getting errors. So still trying to figure that out.

Let's keep working at it.

Take Care

Thanks NexusFX and keep up the good work. Let's see how it goes then. Cheers

 

[kecodon8991]

Good day NexusFX. Thanks very much for your kind sharing of your thoughts, insights and precious experiences of testing this EA.

For me, I think it would be really nice if this EA could have a built-in news filter. Too bad it doesn't and it's kinda challenging for many traders (me too) that just don't know how and what to monitor for the highly impact news. Furthermore, according to my understanding, an EA is supposed to help traders get their "hands-off" and by making decisions for them and to trade on their behalf. If traders still need to monitor the market news from time to time and to manually turn off/on the EA, then I think such EA in my opinion could only be considered as so called a "hybrid" or "semi-automatic" EA. As for now, I just choose to let this EA run 24/7 without doing anything else and see how the result goes. Having said that, I do understand that things could possibly get risky whenever high or major impact news hit every now and then. Well...let's see how it goes then. If this EA could not survive through major news events, then I guess I would probably starting looking out for some other EA that have a news filter built in for better safety. Anyway, that's just my own personal choice and preference. Frankly speaking I do not suggest anyone to follow my choice as everyone would have very different preferences of their own. I think one would need to learn to understand what kind of risks we could possibly face when dealing with any EA and using any EA settings of our preferences. I believe no EA or EA strategy is perfect and we all have to be responsible for the decisions we made in terms of trading as well as in life.

Well, do keep up the good work NexusFX and let's all see what happen next. May God continue to bless you and everyone. Cheers

Dear cchong,
You are right, i ran this EA test on 2 different accounts, 1 demo account and 1 real account, same broker. As a result, the demo account did not enter the NZDJPY pair, but the real account entered the order and blew up. I still don't understand why there is this difference. The market always has unexpected fluctuations we can't predict in advance with this EA's one-way order, I find it very risky. If you have another EA that is safer, please share it with me. thank you

 

[gentil0p]

Nice post! Thank you so much for sharing this EA as I was looking for it for months.

 

[cchong]

Dear cchong,
You are right, i ran this EA test on 2 different accounts, 1 demo account and 1 real account, same broker. As a result, the demo account did not enter the NZDJPY pair, but the real account entered the order and blew up. I still don't understand why there is this difference. The market always has unexpected fluctuations we can't predict in advance with this EA's one-way order, I find it very risky. If you have another EA that is safer, please share it with me. thank you

Thanks kecodon8991 for your kind sharing of experience of using this EA. Sorry to hear that you've blown your live account. It happened to me too in the past and frankly speaking it could also happen to anyone at any point of time.

I don't know what broker you use but just for your info that I only use Roboforex and FBS because they are the ones who do offer large leverage of 1:1000 which would be safer for my EA trading. In my past experiences of using this EA with both Roboforex and FBS, all the trades seemed quite consistent on both demo and live accounts. I don't know much about the experiences of other people but, it seemed to me that you're the first one I heard that mentioned about the differences in placing trades between a demo and live account under the same broker. To be honest I have no idea how and why because first of all, I believe none of us is the EA developer or programmer and so we do have limited understanding of how this EA actually work. Secondly, different brokers may have differences in their conditions of operating their trading platforms. Therefore it's important that we do testing EAs with our preferred broker(s) with a much "longer" time say at least 1 month (or 3 months or even more would be much better) "on DEMO accounts only" just to see how the EAs perform. If they performed consistently well, then we may further think of maybe putting the EA on a live account (if you wish to) to see how it goes. At least that's what I do for most of my EA tests.

In my opinion, this EA performed quite consistently well except when once in a while where there's a huge market movement happened suddenly (may be due to a high impact news or so). If the EA settings that you use are not good and safe in terms of risk management, then I think that's when and where your account usually get blown. In general principle as recommended, a lot size of 0.01 lot is to be used for an account with a minimum balance of $1000 (or more if possible) for a reasonably safe trading with this EA. The next thing that I believe is important is about your leverage. The larger your leverage, the better and safer you would be especially during periods when the market suddenly moves strongly against you with a huge drawdown. That's why I always choose a broker that offers me with a large leverage of 1:1000 for my better safety.

Talking about EA settings, I believe NexusFX has indeed shared quite a lot of stuff with very good insights and I would kindly encourage you and many others to spend time reading his comments and explanation on the EA settings. I think you'll appreciate his sharing on his own past experiences of testing with this EA too. To be honest with you, I have copied most of his settings except with just some minor adjustment due to my own preference in terms of risks managment and profit expectation. Having said so, still I have absolutely no guarantee that my own settings would work perfectly well in the long run as the market is always changing and anything could go wrong at any point of time. The only thing we could do is keep on learning (including learning from our past mistakes) and trying our best to learn how to manage our risks properly hoping that our EA settings could keep our accounts survive through a longer period of not just days but months and years (if possible).

Talking about other EAs in your question, sorry to say that up to now I still haven't got a concrete answer of any other EA that is reliable for long term use. As far as I know, I think many would agree with me that all EAs could be risky at any moment and are capable of blowing up accounts. Some are just scam EA, some work well for just a few days, some longer for a whole month or so but later one day suddenly went crazy and blew up accounts. Some might have shown truly awesome results with backtests but yet when put on demo or live accounts they behave completely different and gave you terrible results instead. For me, Life Changer EA could be a reliable EA for long term use. The important thing is to be able to find settings that help to earn consistent profits over a long term and at the same time also able to keep you reasonably safe under most market conditions. That's all I could say about this EA. As for other EA, well... will see. If I do come across any EA that I think is worth to try, well yes... I'll be glad to share more info with you all in the future.

Whichever EA that you choose, and whatever settings that you use, please remind yourself to keep learning on "How to Keep Yourself Safe at ALL Times" and not just focusing on finding EAs that bring you the biggest profit. Because if you cannot manage your risks well, all your profits (including your capital/initial balance) will definitely be all gone soon or later.

Wishing you and everyone all the best in your search of good and reliable EA and settings that work well for you. Till then, take good care and God bless you all for a blessed Christmas season and happy new year

 

[geceqasimabad]

what is the version number of the newest life changer EA

 

[Given M]

Hello All,

This post is to let you all know, I will provide the Life Changer EA Full Version for FREE to whoever is very active in this Forum and posting good contents and messages. Our moderators will view the posts/messages and will grant the EA for the genuine users. All you have to do is be very active in the forum by posting new threads/messages which is useful to the Forex Industry.

How much is it?

 

[cchong]

what is the version number of the newest life changer EA

Not sure. The version that we downloaded here in this channel is version 1.00

 

[cchong]

How much is it?

It's completely free to download from this channel. In fact it's actually mentioned clearly in your post with the following words:
"Sharon said:
Hello All,
...This post is to let you all know, I will provide the Life Changer EA Full Version for FREE...").
Please go back again to that post you've quoted from and responded to. The EA should be in the attachment section somewhere down below that post.

If you can't find it, here's the link for you: https://www.forexforum.co/threads/life-changer-ea-full-version.2226/post-3173

 

[Sokoloff]

I've had my version on a real account since April 2020 and all good, returns circa 6% PM using the .set file i provided. DD can get to 20%-25% but comes out the other side.

I've seen/used a few EA's and this one is the consistent one for me.

Attached it again if anyone wants it - it has a guide to install too, so just do that, then load the set file

Thanks very much for sharing.